Market Maker

In this episode of The Deal Room, Anthony sits down with AmplifyME Co-Founder & CEO Will De Lucy to explore what it takes to thrive under pressure. From his journey as a trader to leading a global financial training platform, Will shares powerful lessons on managing stress, building resilience, and staying in the performance "flow."  Discover how to make smarter decisions under pressure,...

In this episode, Anthony and Piers unpack record-breaking earnings from J.P. Morgan, Goldman Sachs, and Citigroup, driven by surging trading revenue, rising investment banking fees, and resilient consumer spending. With inflation easing in both the UK and US, markets are feeling a sense of relief, fueling optimism for 2025—if geopolitical risks stay contained. Tune in for a fast-paced breakdown of...

In this episode, Anthony and Stephen discuss significant developments in the corporate finance world, including the $3.7 billion acquisition of Getty by Shutterstock, Jensen Huang's keynote speech at CES 2025, and the performance of investment banks as they prepare for a potentially lucrative year ahead.  The conversation delves into the implications of these events for the market, the strate...

In this episode, Anthony and Piers discuss the current state of the UK market, focusing on the drop in the pound and the significant rise in bond yields.  They explore the yield curve dynamics, inflation expectations, and the looming threat of stagflation, while examining the political forces shaping market sentiment and investment strategies in these turbulent times. Should you be worried? Y...

In this episode of The Deal Room, Anthony and Stephen take you through the entire process of selling a business—from the first decision to sell to the final handshake. Whether you're preparing to step away from a business you've built or just curious about the deal-making world, this episode is packed with insights you won’t want to miss. You'll learn: How to prepare for a successful business sale...

Anthony Cheung, Stephen Barnett, and Piers Curran explore the biggest financial themes for 2025, including M&A predictions, US debt concerns, and the S&P 500 outlook. Stephen forecasts over $4 trillion in M&A deal value, while Piers warns of rising US deficits and interest payments. They also dive into AI’s growing influence, US-China relations, and economic policies under the new admi...

The U.S. central bank reduced its overnight borrowing rate by a quarter point to a target range of 4.25% to 4.5%, as expected. However, new quarterly forecasts showed several officials penciled in fewer rate cuts for next year than they estimated just a few months ago, and saw inflation making considerably less progress in 2025. The Nasdaq 100 fell 3.6% and the S&P 500 sank nearly 3% The two-y...

Join Anthony Cheung and Stephen Barnett as they break down 2024’s biggest financial stories and trends. From Exxon's game-changing acquisition of Pioneer to Reddit's blockbuster IPO, they explore how the year unfolded in M&A, private credit, and the IPO market. Discover how Nvidia cemented its AI dominance, J.P. Morgan led the pack in investment banking, and BlackRock expanded its footprint in...

What do chicken wings, Shakira, and Tesla's $400bn milestone have in common? More than you'd think! In this episode, Anthony Cheung and Piers Curran break down the week's market moves, from Tesla's meteoric rise to the surprising connections between pop culture and structured finance. They dive into inflation’s grip on market sentiment, what’s next from the Fed, and how an aging population is resh...

In this episode, Anthony Cheung and Stephen Barnett discuss the latest news in finance, including Nvidia's cash management and potential M&A strategies, BlackRock's aggressive acquisitions in private markets, ongoing antitrust challenges facing Google, the approval of Vodafone and 3's merger, and a shocking scandal involving Nomura's former banker.  The conversation highlights the dynamic...

In this episode, Anthony Cheung and Piers Curran discuss the future of oil prices, influenced by Trump's energy policies and the broader global economic landscape.  They explore the implications of political turmoil in France, the concept of 'Japanification' in China, and the overall outlook for the US market amidst various economic risks. Hosted on Acast. See acast.com/privacy for more infor...

In this episode, Anthony Cheung and Stephen Barnett explore: Jaguar's controversial rebrand: Marketing brilliance or a risky misstep? The collapse of a high-profile take-private deal and its ripple effects on major banks. A breakdown of PIKs, dividend recaps, and toggles—unpacking the complex mechanics of corporate finance. Tune in to see how finance theory meets real-world drama in today’s market...

Join Anthony Cheung and Piers Curran as they break down two big market stories: the surge in coffee prices to near 50-year highs and a bold forecast for the S&P 500 to hit 7,000 points next year. From droughts in Brazil to Starbucks’ supply chain strategies, they unpack the key drivers behind skyrocketing coffee costs and what it means for consumers and the industry. Then, they turn to equitie...

In this episode, Anthony Cheung and Stephen Barnett discuss Nvidia's recent earnings report, the implications of Trump's return on M&A activity, and the role of activist investors in corporate strategy.  A great conversation connecting corporate finance theory to real-life examples unfolding right now! Hosted on Acast. See acast.com/privacy for more information.

Anthony Cheung and Piers Curran unpack Bitcoin’s meteoric rise, the wave of institutional money flooding into crypto, and how hedge funds are playing the market. From Bitcoin ETFs to market psychology, they delve into what’s driving the hype and where Bitcoin could be heading as it nears the $100,000 milestone. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Anthony chats with Filip Tomasik, who opens up about his journey from a non-target university to landing roles in investment banking and private equity.  Filip shares his take on acing the application process, the real impact of internships, and the strategies that helped him secure full-time roles. They dive into the demands of debt capital markets, the unique challenges of...

In this conversation, Anthony Cheung and Piers Curran discuss the implications of Donald Trump's return to power on the financial markets, particularly focusing on the US dollar's role as a global reserve currency.  They explore how Trump's policies may impact inflation, interest rates, and the economic landscape for emerging markets.  The discussion delves into the complexities of the '...

In this episode, we dive into the financial market's reaction to Trump's return, focusing on how it impacts bank stocks and the deal-making landscape.  We also explore the rise of AI players like CoreWeave, their deep ties with Nvidia, and the risks surrounding Neocloud funding models. Plus, we unpack the controversial role of Palantir’s data solutions in shaping the future of tech and govern...

Chloe Shepherd shares her inspiring journey from a working-class background in a small seaside town in northern England to becoming a VP Credit Repo Trader at Citi in London. She reflects on the influence of her family, especially her mother’s focus on education, and her experiences throughout school and university. Chloe highlights the importance of transferable skills from early jobs and the imp...

Republican Donald Trump has claimed victory in the 2024 presidential contest capturing the battleground states of Pennsylvania, North Carolina and Georgia and holding leads in the other four. In this breaking news episode, we look at what led to his victory, how markets have reacted, whether the outcome will influence the Fed and what Elon Musk has to gain from aligning himself with the the first...

Join Anthony Cheung and Stephen Barnett as they break down five major finance stories covering IPOs, M&A, VC investments, private placements, and private equity: (01:58) Introduction (03:11) Reddit's standout Q3 earnings and IPO buzz (09:46) Goldman’s upbeat M&A outlook (15:50) Sequoia’s bold crypto acquisition (20:41) Boeing’s record-breaking share sale (26:50) Private equity's growing in...

In this week’s podcast episode, we dive into two major stories in the equity markets: Tesla’s impressive stock surge after a strong earnings report—exploring the key factors driving its valuation and performance. HSBC’s bold restructuring under its new CEO, examining how geographic divisions and strategies address geopolitical tensions and pressures from activist investors. Catch these insights an...

This week, students in our community asked for guidance on key market themes to discuss at interviews. So, we recorded this episode to help everyone get prepared. Tune in as we break down the three major themes you need to be fluent in: U.S. interest rates China’s economic challenges Impact of the upcoming U.S. election Hope it helps and please do share far and wide! Good luck ***** UBS Research o...

Join Anthony Cheung and Stephen Barnett as they dive into the world of corporate earnings, unpacking the latest reports from J.P. Morgan and BlackRock.  Discover the crucial financial metrics you need to know and get insider insights from Jamie Dimon, CEO of J.P. Morgan, as well as BlackRock’s strategic moves as the world’s largest asset manager.  Whether you're gearing up for a finance...

In this episode, Anthony Cheung interviews Devraj Bhattacharya, Flow Traders head of emerging markets trading in Asia. They discuss Flow Traders' role as a market maker, Devraj's path from engineering to trading, and the importance of technical skills and collaboration at the firm. Devraj also shares key traits sought in trading candidates, insights on team structures, and advice for aspiring trad...